It may seem like a no-brainer to take out life insurance, but not everyone is eligible for coverage at the same price. Depending on your age and health conditions, you might have difficulty obtaining cheap coverage.
If you’re older than 45 years of age with a pre-existing condition or struggle with fluctuating physical health, it’s difficult to find affordable life insurance that doesn’t require a medical exam.
Even if you’re compliant with the application and enrollment process, “cheap” life insurance policies can still end up costing you more money by denying coverage after the fact, delaying payout, or requiring sizable out-of-pocket expenses.
Also, Read;
5 Best No Medical Exam Life Insurance Policies
| Company Name | Policy options |
| 1. Haven Life | Policy: Haven Simple Coverage: $25,000 to $500,000. Issue age: 20 to 55. |
| 2. AARP | Policy: Guaranteed Acceptance Life Insurance Coverage: Up to $25,000. Issue age: 50 to 80 (AARP members). |
| 3. Ethos | Policy: Simplified Issue Term Life Coverage: Up to $500,000. Issue age: 20 to 70. |
| 4. USAA | Policy: Guaranteed Whole Life Insurance Coverage: $2,000 to $25,000. Issue age: 45 to 85. |
| 5. Erie Insurance | Policy: ERIExpress Life (term or whole life) Coverage: $10,000 to $500,000. Issue age: 18 to 55. |
Can a sick person get life insurance?
There are plenty of people who are sick, even chronically so. They are not excluded from obtaining comprehensive life insurance coverage. Some difficulties might be encountered by those with a serious illness or an ailment that causes them to be wheelchair-bound, but many companies offer policies for those who can’t work and have a severely limited income.
How does no medical life insurance work?
No medical life insurance is an attractive option for those who are healthy but want to take out a policy that provides only protection in the event of a terminal illness or death.
In most cases, its most suitable users are young people with stable jobs and no family members with medical issues. They don’t have a need for a policy that covers everyday medical expenses, and they can save money with this form of insurance.
What is non-medical life insurance?
Life insurance is the financial security that helps with the financial costs of death and other life events. If you have a family member who is not able to take care of themselves or support themselves, as well as your own expenses, life insurance can help provide for them.
When considering non medical life insurance it is important to remember that this type of coverage does not cover illnesses or conditions in which medical treatment has been sought. Nonmedical life insurance should be purchased when fully contributing members of society are no longer needed by their spouses and family members.
Conclusion:
It’s true, sometimes people over the age of 75 who don’t have a medical exam can purchase life insurance for a lower rate. We hope you found this blog helpful and will use it as a guide for buying life insurance for your family. If you have any questions, please don’t hesitate to reach out to us.